Business

Transcorp Hotels grows Q3’21profit by 662%

Transcorp Hotels Plc has announced its unaudited Q3 results showing 115 per cent growth in revenue year-on-year (YoY) to N14.6 billion ($35.5 million) and a gross profit growth of 149 per cent to N10.8 billion ($26.3 million), leading to a profit before tax of N745 ($1.8 million) million a 662 per cent improvement on performance […]

News

Transcorp Hotels unveils business strategy amidst losses to COVID-19

Transcorp Hotels has said it incurred losses amidst COVID-19 pandemic which caused the global hospitality industry to lose over $46bn in room revenue. This, it said would not deter it from taken measures that would reduce costs with a view to maintaining business continuity notwithstanding unprecedented losses it recorded during the ravaging COVID-19. In a […]

Business

Transcorp seeks approval to listing 2.66bn shares

Transcorp Hotels Plc has submitted an application to the Nigerian Stock Exchange for the approval and listing of rights issue of 2.659 billion ordinary shares of 50 kobo each at N3.76 per share, on the basis of seven new ordinary shares for every 20 ordinary shares held. In a notice to its shareholders, the company […]

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